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What Factors Are Propelling the Market Growth of theOrthopedic Power Tools Market from 2025 to 2034?
The rise in orthopedic disorders worldwide is expected to boost the orthopedic power tools market. Orthopedics focuses on treating skeletal system issues, including the spine, ligaments, and muscles. Orthopedic power tools are used to treat these disorders. According to a June 2024 report by the Australian Bureau of Statistics, musculoskeletal conditions accounted for 12.8% of the disease burden in 2023, contributing to a significant demand for orthopedic power tools in the market.
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#What Are the Key Projections for the CAGR of the Orthopedic Power Tools Market From 2025 to 2034?
The orthopedic power tools market has experienced significant growth in recent years. It is expected to rise from $1.39 billion in 2024 to $1.48 billion in 2025, at a compound annual growth rate (CAGR) of 6.8%. This growth is largely driven by an aging population, trauma incidents, hospital infrastructure improvements, patient safety priorities, and advancements in surgeon training and education.
The orthopedic power tools market is expected to experience strong growth, reaching $1.89 billion by 2029 with a CAGR of 6.3%. This growth can be attributed to factors such as telemedicine, home healthcare, sports medicine, non-invasive orthopedics, and sustainable practices. Key trends include orthopedic implants, device innovations, robotic technology, bone reshaping and fusion, AI integration, and surgical navigation.
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How Are Market Trends and Innovations Revolutionizing theOrthopedic Power Tools Industry in Recent Times?
The use of advanced and innovative technologies is a key trend in the orthopedic power tools market, particularly in the development of sterilization techniques to enhance treatment efficiency. For example, in March 2023, Stryker, a US-based medical technology company, introduced the CD NXT System, which features proprietary technology that enables real-time depth measurements during surgery. This innovation allows for precise, consistent, and rapid digital measurements throughout multiple surgeries.
Which Key Market Players Are Shaping the Future and Growth of theOrthopedic Power Tools Market?
Major companies operating in the orthopedic power tools market include De Soutter Medical Ltd., B Braun Melsungen AG, Aygun Surgical Instruments Co. Inc., Medtronic plc, DePuy Synthes Inc., ConMed Corporation, Stryker Corporation, Zimmer Biomet Holdings Inc., Arthrex Inc., Smith and Nephew plc, Exactech Inc., Allo Tech Co. Ltd., Microaire Surgical Instruments Inc., Adeor Medical AG, Manman Manufacturing Company Pvt. Ltd., Bosch Healthcare Solutions GmbH, DynaMedic Co. Ltd., Arbutus Medical Inc., Aesculap AG, Becton Dickinson and Company, Biomet Inc., Brasseler USA, Ceterix Orthopaedics Inc., Corin Group, Elite Surgical Pvt. Ltd., GPC Medical Ltd., Integra LifeSciences Holdings Corp., Intrauma S.p.A., Medicon Genossenschaft, Medline Industries Inc., Ortho Solutions GmbH, OsteoMed Inc.
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What Are the Core Segments of the Orthopedic Power Tools Market, and How Do They Contribute to Growth?
The orthopedic power tools market covered in this report is segmented –
1) By Product Type: Large Bone Orthopedic Power Tools, Small Bone Orthopedic Power Tools, High Speed Bone Orthopedic Power Tools, Orthopedic Reamers
2) By Technology: Pneumatic Powered, Battery Operated, Electric Powered
3) By End User: Orthopedic Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers
Subsegments:
1) By Large Bone Orthopedic Power Tools: Saws, Drills, Screwdrivers
2) By Small Bone Orthopedic Power Tools: Micro Saws, Micro Drills, Micro Screwdrivers
3) By High Speed Bone Orthopedic Power Tools: High-Speed Drills, High-Speed Saws, High-Speed Motors
4) By Orthopedic Reamers: Cannulated Reamers, Solid Reamers, Variable Diameter Reamers
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What Regions Are Dominating the Orthopedic Power Tools Market Growth?
North America was the largest region in the orthopedic power tools market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the orthopedic power tools market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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